Wednesday, February 15, 2006
After ten years of litigation, the buyer of a valuable slice of Long Island oceanfront has finally won his case -- on summary judgment. He'll thus get $16 million worth of property for the $2.1 million he agreed to pay back in 1995. Of course, the summary judgment may have to go up on appeal now.
The tortured history of the case, with its aborted trial, Justice Department investigation, busted settlement, fiduciary duty claims, and special master to handle discovery disputes, is related in this story from the New York Law Journal, via Law.com.